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Olsen Independent Real Estate,LLC
3579 W HURON
STANDISH, MI 48658
Phone
989-846-0013
Fax
989-846-1727
  • Thinking About Selling your current property: Home that you currently live in, second home, waterfront home, cabin, commercial properties, foreclosure/bank owned and any type of land we are here to answer any questions you have to best of our knowledge.
  • Looking or Wanting to Buy Real Estate: This is the only office you will need in Buying Real Estate. No need to call mulitple offices when our Sales Associates can do that for you.

 

 

Olsen Independent

Real Estate, LLC

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Underground Heating Oil Tanks

Underground heating oil tanks can pose many potential problems to both home buyers and sellers. They have been the source of many environmental problems such as contamination of surrounding soil and ground water.

Leaks are generally caused by the rust inside underground tanks or by an electrical condition sparked by electric utility lines.

Buyers should always have the tank inspected to make sure that it is structurally sound. Buyers who do not want an underground fuel tank can arrange for an above ground tank to be installed in the basement and the underground tank to be shut off. Cleanup of any leaks will also have to be taken care of.

For buyers, the underground heating oil tank should be written in the sales contract. For sellers, your lawyer should make sure that the description and condition of the underground heating oil tank is accurate and up-to-date.

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